Public domain
Global ‘collapse’ in number of new coal-fired power plants
by Damian Carrington, The Guardian
The number of coal-fired power plants being developed around the world has collapsed in the last three years, according to a report.
The number of plants on which construction has begun each year has fallen by 84% since 2015, and 39% in 2018 alone, while the number of completed plants has dropped by more than half since 2015.
The report, from the NGO-backed Global Energy Monitor, says the falling costs of renewable energy are pricing coal out of the electricity market, more than 100 financial institutions have blacklisted coal producers, and political action to cut carbon emissions is growing.
“It’s only a matter of time before coal is a thing of the past worldwide,” said one of the report’s authors, Neha Mathew-Shah, of the Sierra Club.
- Expansion of fossil-fuel vehicle phase-outs moves world one step closer to a climate-safe future - April 22, 2020
- Germany goes greener with $95 billion push for train over plane - January 14, 2020
- EU sets out trillion euro plan to avert ‘climate crash’ - January 13, 2020
Leave a Reply
Want to join the discussion?Feel free to contribute!